Description

A supply chain analyst is responsible for improving the performance of an operation by figuring out what is needed for a certain project and coordinating with other employees - such as engineers and quality assurance professionals - to implement and test their new supply chain methods. These supply chain analysts must be able to look at substantial amounts of data and problem-solve why problems within supply chains exist. Some sample projects a supply chain analyst could be tasked with are improving the management structure of a warehouse stocking program, restructuring how material goods make it to the corporation's warehouse, and helping expand on a company's relationships with suppliers and carriers. Supply chain analysts must also be able to translate business problems into a solution for information technology (IT) technicians and working with SQL analysis tools to find patterns and root causes to problems. The supply chain analyst typically works in an office setting during regular business hours; they may also do site visits to locations such as warehouses.

Most companies require that supply chain analysts have a bachelor's degree in business, IT development, or a related field; some years of experience analyzing business improvements, using troubleshooting skills, and using SQL are also important. A supply chain analyst must also be independent and able to thrive in a fast-paced environment.

Roles & Responsibilities

As a Supply Chain Analyst in Singapore with 0-3 years of experience, your main responsibilities include:

  • Collecting and analyzing data on supply chain processes, identifying areas for improvement, and presenting findings to stakeholders.
  • Developing and implementing inventory management strategies to optimize supply chain efficiency and reduce costs.
  • Collaborating with internal teams and external partners to ensure on-time delivery of products and materials.
  • Monitoring and reporting on supply chain Key Performance Indicators KPIs such as inventory levels, lead times, and delivery performance to identify areas for improvement.

Qualifications & Work Experience

For a Supply Chain Analyst job role, the following qualifications are required:

  • Strong analytical skills to evaluate and optimize supply chain processes, identify areas for improvement, and make data-driven recommendations.
  • Proficient knowledge of supply chain management principles, including inventory management, demand forecasting, and logistics coordination.
  • Advanced proficiency in using supply chain software and tools to analyze data, generate reports, and support decision-making.
  • Excellent communication and collaboration skills to work effectively with cross-functional teams, external stakeholders, and suppliers, ensuring smooth coordination and execution of supply chain operations.

Essential Skills For Supply Chain Analyst

1

Supply Chain Analytics

2

Inventory Management

3

Data Analysis

Skills That Affect Supply Chain Analyst Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Supply Chain Analytics

2%

Inventory Management

18%

Data Analysis

5%

Career Prospects

The role of a Supply Chain Analyst in Singapore with 0-3 years of experience is crucial for optimizing supply chain operations. For professionals seeking alternative roles, here are following possibilities to explore:

  • Logistics Coordinator: A position that involves coordinating and managing the movement of goods, freight forwarding, and transportation logistics.
  • Inventory Planner: A role focused on optimizing inventory levels, forecasting demand, and developing inventory replenishment strategies.
  • Operations Analyst: A position that involves analyzing operational data, identifying process improvements, and implementing efficiency-enhancing initiatives.
  • Demand Planner: A role centered around forecasting customer demand, developing demand plans, and collaborating with cross-functional teams to ensure demand-supply alignment.

How to Learn

The role of Supply Chain Analyst is projected to witness significant growth in Singapore's market. A 10-year analysis suggests a steady upward trend in demand for professionals in this field. With the increasing focus on supply chain optimization and efficiency, the number of employment opportunities is expected to rise in the future. Google data points indicate a favorable job outlook, driven by factors such as globalization, technological advancements, and the need for cost savings. Companies across industries are recognizing the importance of supply chain analytics, creating a positive landscape for those interested in pursuing this role.